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The SME industry fell 18.3% annually in April, the sharpest decline in three months

The SME industry fell 18.3% annually in April, the sharpest decline in three months

The SME industrial activity experienced another sharp decline in the month of April, marking an annual drop of 18.3%, the deepest in the last 3 months. With this result, the first quarter of the year closes with a decrease of 19% compared to the same period in 2023. However, In the monthly comparison, production rose 3.1% in the seasonally adjusted measurement, according to CAME.

The companies operated with 70.1% of its installed capacity in the fourth month of the yearshowing an increase of 0.1 percentage points compared to March.

During the month of April, The SME industry found itself in a marked situation due to the shortage of inquiries and production orders, although the stock replenishment was carried out without major complications and inputs were readily available.

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The six manufacturing sectors of the SME segment had falls in the annual comparison in April, with the most affected being “Paper and Printing” (-32.3%) and “Metal, machinery, equipment and transport materials” (-23.7% ).

SME industry: sector-by-sector analysis

Food and drinks

The sector registered a decline of 13.7% annually at constant prices in April and an increase of 0.4% in the monthly comparison. For the first four months of the year, there is an annual decrease of 15%. Industries operated with 73.1% of their installed capacity (vs. 73.3% in March).

Textiles and clothing

There was an annual decline of 0.2% in April, always at constant prices, although it registered an increase of 2.6% compared to March. In the first four months of the year it accumulates only a decrease of 0.1%. The industries operated with 70.8% of their installed capacity (71% in March).

Wood and furniture

In April, the item decreased 15.7% annually and rose 6% in the seasonally adjusted monthly comparison. For the quarter, there is a drop of 19.2% compared to the same months in 2023. During the month, the industries operated with 70.3% of their installed capacity (72.6% in March).

Metal, machinery and equipment, and transportation material

The collapse of the item was 23.7% annually at constant prices, although it improved 4% in the monthly comparison. In the first four months, there was a decline of 23.8%, always in contrast to the same months last year. Meanwhile, industries operated at 67.1% of their installed capacity (66.6% in March).

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Chemicals and plastics

The sector experienced another significant contraction of 21.6% annually at constant prices, but combined with an increase of 3.9% in the monthly comparison. In the first four months of this year, production has decreased by 27.3%, compared to the same period in 2023. During this month, industries operated with 67.4% of their installed capacity (65.6% in March). .

Paper and prints

Activity plummeted 32.3% annually at constant prices, being the sector with the greatest decline. In monthly terms, an increase of 0.2% was recorded and for the first four months of the year, activity accumulated a decrease of 23.4%, in relation to the same months of last year. The companies operated with 76.8% of their installed capacity (77.9% in March).

Source: Ambito

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